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Notes from the Floor – Cannabis Hemp Blog

The general public’s interest and enthusiasm for the cannabis industry was evident during the Consumer Days at the Lift & Co. Expo in Toronto this year, which took place over the weekend of May 26-27.

Despite the exponential growth and maturity the industry has experienced in recent years, this market is only opening its doors to a more mainstream consumer audience eager to experience all the business complexities and opportunities available to them. .

After taking a closer look at the conference business and industry days On Thursday (May 24) and Friday (May 25), the Investing News Network (INN) gives an overview of the general public days of the show here.


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Investor focus present at Lift

Despite opening the show to general consumers interested in cannabis, on Saturday May 26, a second investment panel was held. Moderated by Fiona Brown, partner at law firm Aird & Berlis, the panel included a select selection of commentators on cannabis stocks, including Cannabis Wheaton Income (TSXV:CBW) CEO Chuck Rifici.

Asked about the fear of overvaluations for companies in the space, Rifici said investors should still be bullish on these stocks based on undervalued parts of the industry.

“If you’re bullish on the market, you would say definitely with the international component and the size of the global market is probably underestimated,” Rifici said. “I think alcohol is the best analogue; I think cannabis can outgrow alcohol, probably much faster than expected.

Rifici added that he thinks the overall cannabis market is “much bigger” than currently expected.

Speaking on the progress of consolidation in the space, James Lyle, a lawyer at Cassels Brock, said this trend will continue.

“I think a tough place to be in the industry going forward would be…a mid-sized company where you’re not…one of the big players,” Lyle said. “I think it’s the companies that have probably [will] reach a certain point and get knocked out by some of the bigger players with more established distribution chains and more established brands.

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With some of most recent and high level M&A activity Within the cannabis market, it seemed appropriate to have a panel examining the commercial expansion phase of this industry, which also took place on Saturday.

Borden Ladner Gervais partner Jason Saltzman explained that he separates public space players as either ready to stay long-term and others who may seek an early exit with a merger or acquisition.

Rene Cormier, vice president of corporate finance at KPMG, said that from a strategic perspective, there’s an offensive and defensive play to the acquisitions seen in the markets right now.

Be sure to check with @INN_Cannabis for our video interviews and panel summaries from the Lift & Co.

Don’t forget to follow us @INN_Cannabis for real-time updates!

Securities Disclosure: I, Bryan McGovern, have no direct investment interests in any of the companies mentioned in this article.

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The post office Lift & Co. Cannabis Expo Toronto: Notes from the Hall appeared first on Investment News Network.


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